At the moment, Very is on a long term down trend since March.
This is alarming because it means there will be bag holders.
The 3.50 level is interesting and so is the current level of 2.70~
The trade setup is one of my favourites. If you catch it as it is turning around, you could reap some rewards on a swing trade.
The question is when to enter the trade.
I am watching closely for the conditions to turn around.
This is still very bearish. Lower highs and lows lows since March.
I am waiting for it to break above the long term trend and to confirm that with a second candle OR to break above the long term trend at a level of support. At which time I will enter the trade with a stop loss set.
Just waiting for now.
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I am now in this trade. It has shown all the revesal signs I want. Trading above avg volume, crossing over long trend line and moving averages with some good news to back it up.
looks like CEO has stepped down? what?? bankruptcy maybe.... oh my
flashinstinct
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@stevesapple7, my current WTF moment was when both big pups at the top took out loans on the company's dime to get what seems to be "loan mortgages". Before building homes shouldn't you reward investors by trying to level out the stock..... beginning of 2021 = 7ish per share end of 2021 = $1 per share.....
shatze319
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@flashinstinct, beginning of 2021 = 7ish per share end of 2021 = $1 per share.. omg, I came here just to see what is happening here! There was a lot of profits for the company, why are shares crashing?
stevesapple7
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been inquiring through emails. information on "voting directors", is it all: mitchell, james, ana, kamini(gone), kyle, kevin, jordan, KPMG Rep(Mr. Owsnett). VGFC have not replied to my email requests. As an investor, of high volumes, account manager(institution and retail).... I would like to know who? has voting consideration regarding corporate decisions, like salaries, compensations, capex, project development. As institution manager, there normally is an invite for a site tour as well, to look at their operations.. i am very interested. plus, i have contacts, with markets annalists. Company reviews....
stevesapple7
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Developing news: one must ask? If you are purposely, knowingly, taking from the money pot, is this not basic theft. in the financial world, regulators will consider securities fraud. Two people, man and wife, both experienced business owners, know you don’t simply “take”. Europhobia is powerful, yet dangerous at the same time. Living a lifestyle beyond what’s appropriate, after IPO, people will be upset to say the least. Investment funds are to be managed in a certain, regulated way. When you see your funds being dealt like cards, to the players. With you losing all invested…. Anger will prevail… Accountability and responsibility will now rise, as it should, possibly resulting in 87 layoffs on the west coast. Where ? Were the directors recently acquired by VGFC, and why did they not speak up, and offer proper advice to these executive officers before decisions were made. Dark days of winter, setting in…..
stevesapple7
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VGFC update November 17,2021 on BusinessWire... states that a record sales of C1.5m. Then the "Related Party Transaction" is serious, within the same article, the CEO and CRD have taken a secured loan from the actual company piggy bank in the amount of $750,000 and $500,000...for personal financial obligations in respect to their residential homes !! ??? What kind of debt have they taken on personal in there homes, to require such large amounts of The resent issue of shares is NOT anything, but for the company to finance gains associated with actual share holders/ business ventures..
stevesapple7
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successful companies show what they have accomplished with strong fundamentals and analyst ratings. This company only tells what they plan to do. plus with this current CFO which guiding Aurora Cannabis into the ground, as they stole hundreds of millions of dollars from stock investors. Then did a 12-1 reverse split. this startup company is very high risk, and way over debt quickly.....
tsx_trader
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@stevesapple7, I agree - I have strictly been swing trading and I made some good profits, trying to make the most of small movements such as Oct 8 to Oct 9. I have no long term holdings here
stevesapple7
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@tsx_trader, fundamentals all point towards use option shorting with huge gains. been making lots since Jan this year, with such little volume its easy profits... sweet.
flashinstinct
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I just keep averaging down. roughly 30 shares a week, small play but I'm accumulating.
bankruptcy maybe.... oh my